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Tuesday, August 13, 2019, 19:01

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China's FDI inflow rises 7.3% in Jan-July

By Xinhua

Tuesday, August 13, 2019, 19:01By Xinhua

This Aug 10, 2011 photo shows containers at the harbor of Ningbo, east China's Zhejiang province. Foreign direct investment into the Chinese mainland expanded 7.3 percent year on year to 533.14 billion yuan in the January-July period, the Ministry of Commerce said Aug 13, 2019. (PHOTO / XINHUA)

BEIJING - Foreign direct investment (FDI) into the Chinese mainland expanded 7.3 percent year on year to 533.14 billion yuan in the January-July period, the Ministry of Commerce said Tuesday.

In US dollar, FDI inflow grew 3.6 percent year on year to 78.8 billion dollars during the period, the ministry said

In US dollar, FDI inflow grew 3.6 percent year on year to 78.8 billion dollars during the period, the ministry said.

FDI in July alone reached 54.82 billion yuan, up 8.7 percent year on year.

During the past seven months, a total of 24,050 new foreign-funded enterprises were founded.

Investment in high-tech industries climbed 43.1 percent year on year to account for 29.3 percent of the total FDI, among which the high-tech service sector received 97.39 billion yuan, up 63.2 percent.

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